Questions: Questions about …

Question: What is Engineering Management?

Answer: Engineering management is a field that bridges the gap between engineering and management.

Question: Who is Engineering Manager?

Answer: Engineer possessing both abilities to apply engineering principles and skills in organizing and directing people and projects.

Engineering Management involves the overall management of organizations with an orientation to manufacturing, engineering, technology or production. Programs are available that provide Bachelor’s, Master’s and Ph.D degrees. Undergraduate programs provide generalist degrees that enable engineers to better deal in the business environment. Master’s Degrees in Engineering Management provide a technical-based alternative to traditional MBA programs. Industrial and professional associations such as engineers’ societies also offer certification programs that validate Engineering Management knowledge and skills. Specialization areas in both degree and certification programs may include management of technology, product and process, quality, organizational management, operations management, program management, marketing and finance.

Question: What are the advantages of a manager who is an ‘engineer’?

Answer: Advantages of a manager who is an “engineer”:

• Really understand the business
• Understand the technology of today and tomorrow
• Treat research and development as an investment to be nurtured
• Understand the “buts-and-bolts” of the business
• Understand the limitations of technology

Question: How to buy a new or Used Car

Answer: 10 Tips For Getting The Best Deal On A New or Used Car
by: George Dodge
1. You should purchase your new car at or around Christmas time because with everybody buying their Christmas presents, not many of them are looking to buy a new car, and it forces dealerships to up their sales strategies.

Salesmen are more willing to haggle down to your prices to close the deal.

2. You can also get a good deal from July to October because that is the time of year when dealerships are trying to get rid of their inventory to make way for the new models.

3. Purchasing a car online is becoming a great way to get a new car. Just wait for good rebates and incentives online and shop around.

Print out your information from the best quotes and bring it to the dealer that you are most willing to work with.

Bringing in lower quotes from another company might be your best bet in getting a good deal.

4. You should visit http://www.FightingChance.com if you are hoping to find new car prices, dealer incentives, and the best rebate offers.

This site is the first place that you should go for great advice on buying a car. It’s even more informative than the Kelley Blue book. This program for buying new cars can literally save you thousands of dollars.

5. A good place to start when going into a dealership is to bring a copy of your credit score with you.

It can lower your interest rates on your car loan. Your car dealer should not know more about you than you do.

6. You can avoid a common scam that dealerships pull. You will often hear that your financing fell through and that you have to respond by paying more money on your loan.

Don’t believe it. It’s another reason for you to get a copy of your credit score.

7. Another common scam by dealership salesmen is for them to tell you that they have found you a lower rate, but that they want you to re-sign your loan papers.

Usually, that is a downright lie. Once they pull up your financing information, they have the upper hand if you don’t know the details about your credit information.

You can get a copy of your credit information online at http://www.equifax.com for about $10-$15. It’s better to pay $15 now than thousands later.

8. Don’t bring in a car for trade in if you still owe money on it.

The dealership rarely pays the rest of the loan on time which will result in you having to pay a great deal of late fees to the bank.

If you do decide to bring a car in that you owe money on, get it in writing from the dealership that they will pay the balance on the car within 10 days.

9. Sometimes a dealership may not have all of your options and must order the car directly from the dealership.

If this happens they will often ask you to pay $500-$1000 for a deposit on the car.

Try not to pay more than $500 and be sure to pay with a credit card because sometimes the dealership will tell you that there was a price increase on the vehicle and will want more money.

If you pay with a credit card you have room to dispute the amount being taken from you. If you pay by check, you can just consider the money gone.

10. You should never buy a car when you are in desperate need for one because a dealer will see that and take advantage.

You should never wait until an old car is dead before searching for a new one because you should give yourself time to shop around for one and get the best deal possible. Desperation often clouds your judgment.
About the author:
George Dodge is the webmaster for 1st Choice Auto Parts that has been expanding to include all things related to automobiles, including, parts, accessories, apparal, books, posters, insurance, loans, and articles to name but a few. Additional articles can be found at Automotive Articles

Question: What is Corporate Culture?
Answer: Corporate culture refers to a company’s values, beliefs, business principles, traditions, ways of operating, and internal work environment. There are different questions that need to be considered to fully understand its meaning in business life.
How might corporate culture be packaged?
The company’s beliefs, norms and values must be effectively packaged. The corporate culture must be embedded into everyday fabric of the business. It must inform individuals how things are done. It can come in different forms like stories which may help to explain current practices of business. Stories may be used to communicate importance of something in business. Symbols and slogans can also be used as a means of communicating firm’s culture. Mission statement often contains information about company’s culture.
How might corporate culture be communicated?
The corporate culture of the business must be communicated to employees and other stakeholders. Formal and informal methods can be used to do this. Formal methods are highly visible, consciously designed, regular events and activities. Rites and occasions can be planned to show different aspects of culture. Courses such as induction, orientation and training courses which have the values and beliefs communicated within the firm. Informal way involves the way in which employees communicate and express themselves in the business

Question: What is online trading and its benefits to consumers and marketers?

Answer: Online marketing is the process of selling and buying goods and services through internet. It is likely to have certain advantages to both consumers and markets.

For customers, shopping may become an easy job. Since, they do not have to battle traffic, find parking space and walk through different stores to find and examine products. They can easily compare brands, check out prices and other merchandise 24 hours a day from any location. So, all these consequences would be eliminated by the usage of internet. The commercial on-line services give abundance of comparative information, about companies’ and competitors’ products. In addition to this, on-line buying is interactive and immediate. Consumers can often interact with the sellers’ site to find exact information, products or services they desire, then order them on the spot. There are also benefits for marketers. Firms can build good customer relationships by communicating with them in their site. So, this brings companies and their customers closer to each other. Company will also get to know the needs and wants of customers so the firm need not spend a lot of money on market research to find out this particular information. They can increase customer value and satisfaction through product and service refinements. The costs may reduce and efficiency may be improved by eliminating the costs of maintaining a store and accompanying rent, insurance etc. Since, customers deal directly with sellers (channel 1 is implemented over here).

Finally, internet is a truly global medium that allows buyers and sellers to click from one country to another in seconds. So, the market for the firms is large therefore they may segment them differently and find gaps and exploit them through the use of internet.

Question: What is Globalisation?
Answer: Nowadays, globalisation is the most known word among individuals and people surely would like to know what actually it is.

Globalisation is the trend towards free international trade and free movement of capital between nations. This is resulting in the growth of multinational corporations that seek the widest markets for their uniform products and the cheapest locations for production. It has assisted the companies to invest more in growing markets and it is supported by governments by reducing the barriers towards international marketing.

Consumers like to have access to wide choice of products so they even think of buying from outside businesses. This is one of the reasons which firms consider to trade internationally.

Globalisation also offers additional opportunities, international location, for firms. So, they can get long term benefits by using globalisation in the advantage of business.
But, there are also some negative views directed towards globalisation. It is always exact that businesses usually consider their own interests and objectives therefore they may not invest the profits earned back into that country. They also pollute the environment that operate in. So, any objections by government may drive them away from the country leading to currency fluctuations.

Therefore, to fully analyse whether globalisation sounds great, it is preferable to find out the benefits and demerits resulting from it.